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Senate Bail-Out Talks Hit Impasse
BBCNews ^ | February 6, 2009

Posted on 02/05/2009 11:16:43 PM PST by Steelfish

Senate bail-out talks hit impasse

Mr Obama delivered another impassioned plea for support of the bill

US senators have reached deadlock in their attempts to find a compromise over President Barack Obama's $900bn (£616bn) economic stimulus package.

A group of senators from both parties has forced a line-by-line review of the bill by arguing that it should be trimmed by tens of billions of dollars.

The senators will start a fourth day of deliberations later.

Meanwhile, Mr Obama has again warned that the US economy faces "catastrophe" if exceptional measures are not taken.

He said that if Congress failed to pass his package, the resulting recession could destroy another five million American jobs.

Speaking at a meeting of Democrats from the House of Representatives, Mr Obama said: "They didn't vote for the status quo; they sent us here to bring change. We owe it to them to deliver."

His warning comes amid another batch of gloomy economic figures.

And figures out on Friday are expected to show that more than 500,000 private sector jobs were purged last month alone.

(Excerpt) Read more at news.bbc.co.uk ...


TOPICS: Business/Economy
KEYWORDS: drdoom; firsthundreddays; obama; porkulus; stimuluswatch
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To: Westlander

Reminds me of the Twilight Zone episode where the alien comes to Earth “To Serve Man”.....as dinner


21 posted on 02/05/2009 11:46:51 PM PST by free-n-TX (I'M MAD AS HELL AND I'M NOT GOING TO TAKE IT ANYMORE!)
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To: HawaiianGecko

Running the Country seems to be a bit harder than it looks on The West Wing. Obama seems to think those were training videos for his new job.


22 posted on 02/05/2009 11:48:45 PM PST by politicalmerc (NObama: more arrogant than Bill Clinton, more naive than Jimmy Carter, and more liberal than LBJ.)
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To: freekitty
". . . it should be trimmed by tens of billions of dollars. "

Uh, no. It should be trimmed hundreds of billions. If the Republicans are talking tens, we're doomed.

"Mr Obama has again warned that the US economy faces "catastrophe" if exceptional measures are not taken. "

Hussein has become quite agitated of late. But Reid told him he would have it for next Thursday as The Obamunnist demanded. Why does Baraculus insist on that date? Why, it's Lincoln's Birthday. Another propaganda opportunity for virtue by association.

yitbos

23 posted on 02/05/2009 11:50:16 PM PST by bruinbirdman ("Those who control language control minds.")
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To: bruinbirdman

It should be trimmed 800-900 billion dollars, and then disappear. $900,000,000,000 to the 0 power.


24 posted on 02/05/2009 11:57:46 PM PST by Marie2 (Ora et labora)
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To: HawaiianGecko

Was it Juan Williams? I heard that said too today.


25 posted on 02/06/2009 12:00:46 AM PST by tina07 (In loving memory of my father,WWII Vet. CBI 10/16/42 - 12/17/45, d. 11/1/85)
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To: tina07
"Was it Juan Williams?"  No, it was some writer at the Washington Post, but it does sound like something Juan would say.
26 posted on 02/06/2009 12:03:58 AM PST by HawaiianGecko (Online internet polls are foolish: Winston Churchill, 1939)
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To: gondramB

Pretty much amazing. The cost of government being what it is - pre-stimulus - you would think they could at least take the time to read what they are enacting into law.


27 posted on 02/06/2009 12:09:29 AM PST by antceecee (Bless us Father.. have mercy on us and protect us from evil.)
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To: politicalmerc
Running the Country seems to be a bit harder than it looks on The West Wing. Obama seems to think those were training videos for his new job.

LOL - Scatterbrain's hair will be whiter than Clinton's in four years.

28 posted on 02/06/2009 12:26:49 AM PST by jla (Sarah! sarahpac.com)
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To: Steelfish

How many filibusters did the Democrats stage during the Bush years?


29 posted on 02/06/2009 12:32:59 AM PST by USFRIENDINVICTORIA
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To: Steelfish

Tens of Millioms???? How about HUNDREDS of Millions LESS in the DAMN BILL???


30 posted on 02/06/2009 1:22:10 AM PST by Ann Archy (Abortion.....The Human Sacrifice to the god of Convenience)
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To: Ann Archy

uh....make that BILLIONS...sorry.


31 posted on 02/06/2009 1:23:53 AM PST by Ann Archy (Abortion.....The Human Sacrifice to the god of Convenience)
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To: Westlander

Nice pic...

“CHANGE” = 2 CENTS ON A DOLLAR


32 posted on 02/06/2009 1:38:49 AM PST by M-cubed (Why is "Greshams Law" a law?)
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To: Mad Dawgg

It could go either way. If the economy tanks then those who were against will start saying they wanted something done...this will become GOP=obstructionist attitude and of course it began under Bush. I just don’t know what will happen.


33 posted on 02/06/2009 2:00:41 AM PST by bronxboy
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To: Steelfish
I like the line by line review. And the useless MSM should spend the time/effort exposing the pork that they wasted harassing Sarah Palin’s family.
34 posted on 02/06/2009 4:04:33 AM PST by Heartland Mom ("Government's first duty is to protect the people, not run their lives." - Ronald Reagan)
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To: Steelfish
The only "catastrophe" in delaying this bill for further review is all the bribery to Obama's buddies is on hold

It's a shame the U.S. Senate wants to look into the suitcase of cash and ask where it's supposed to go and why.

How's a Chicago crook like Obama supposed to pay out kickbacks under scrutiny like that?

35 posted on 02/06/2009 4:07:31 AM PST by NoControllingLegalAuthority
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To: ChetNavVet; AdmSmith; Berosus; Convert from ECUSA; dervish; Ernest_at_the_Beach; Fred Nerks; ...
Thanks ChetNavVet, missed this one.
500,000 private sector jobs were purged last month alone
Pelosi's figure is 1000 times that much. ;')
36 posted on 02/06/2009 6:09:52 AM PST by SunkenCiv (https://secure.freerepublic.com/donate/____________________ Profile updated Monday, January 12, 2009)
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